Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$186,099$186,099$323,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$137,001$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.673%7.640%
1st payment$881.61$881.61$2,237.08
2nd payment$0.00$913.34$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.83$2,390.18$2,750.87
Cash to close$172,901$35,900$35,900